Uber Technologies Inc NYSE:UBER Price, Chart, News & Insight

Uber Surges 7% as Platform Growth Accelerates and Earnings Scale at Twice the Topline Rate

May 6, 2026 · Earnings Report

Uber Technologies jumped 7% today after reporting a first quarter that demonstrated the company's growing grip on daily consumer life, with trips, bookings, and earnings all expanding at a pace that comfortably exceeded expectations.

Gross bookings grew 25% year-over-year to $53.7 billion, or 21% on a constant currency basis, marking the third consecutive quarter of growth exceeding 21%. Trips grew 20% to 3.6 billion, driven by monthly active platform consumers rising 17% to 199 million. Revenue came in at $13.2 billion, up 14% year-over-year, though the headline figure was held back by roughly 9 percentage points due to business model changes.

The profitability story was arguably more impressive than the top line. GAAP income from operations surged 57% to $1.9 billion, non-GAAP operating income grew 42% to $1.9 billion, and adjusted EBITDA rose 33% to $2.5 billion. Non-GAAP EPS jumped 44% to $0.72. GAAP net income came in at just $263 million, significantly below the prior year's $1.78 billion, but that decline was entirely due to a $1.5 billion non-cash headwind from revaluations of Uber's equity investments rather than any operational weakness. Free cash flow was $2.3 billion for the quarter and the company ended March with $6.1 billion in unrestricted cash.

The Delivery segment was the standout growth driver, with gross bookings up 28% to $26.0 billion and revenue surging 34% to $5.1 billion. Mobility gross bookings rose 25% to $26.4 billion. Both segments expanded operating income meaningfully, with Mobility up 28% to $2.0 billion and Delivery up 43% to $961 million. Freight remained a modest drag, posting a small operating loss of $30 million.

A key milestone highlighted by CEO Dara Khosrowshahi was the platform reaching 50 million Uber One members, with subscribers now accounting for half of gross bookings across Mobility and Delivery, underscoring the stickiness and monetization power of the membership model.

"We are off to an exceptional start to 2026, with Gross Bookings growth exceeding 21% for the third consecutive quarter and earnings scaling at more than twice our topline," said CFO Balaji Krishnamurthy.

For the second quarter, Uber guided gross bookings to between $56.25 billion and $57.75 billion, representing 18% to 22% constant currency growth, and non-GAAP EPS of $0.78 to $0.82, implying growth of 31% to 38% year-over-year. Adjusted EBITDA is expected to reach between $2.70 billion and $2.80 billion.

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Global Finance News 05-06-26

Uber Technologies and Block Inc. announced an expanded global partnership aimed at improving restaurant operations and payment options across Uber’s platforms. The collaboration will extend Square’s integration with Uber Eats to multiple international markets, while introducing Cash App Pay as a payment method for Uber and Uber Eats users in the United States.

The partnership is designed to streamline restaurant workflows through integrated ordering systems and enhance customer payment flexibility, including access to millions of Cash App users. The companies said the initiative builds on previous collaborations and reflects a broader effort to connect their ecosystems and support growth for merchants and consumers globally.

Source: Uber

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The Investor 04-24-26

Prosus N.V. announced it has sold a 4.5% stake in Delivery Hero SE to Uber Technologies, Inc. for approximately €270 million.

The transaction involved the sale of 13.6 million shares at €20.00 each, representing a roughly 22% premium to the one-month volume-weighted average price. The deal forms part of Prosus’ commitments to the European Commission following its acquisition of Just Eat Takeaway*com, requiring a reduction in its Delivery Hero stake.

Prosus stated it remains committed to further reducing its shareholding within the agreed timeframe.

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The Investor 04-19-26

Uber Technologies and MOIA America announced plans to deploy autonomous ID. Buzz vehicles on the Uber platform in Los Angeles by the end of 2026.

The partnership has entered the on-road testing phase, with MOIA operating a growing fleet of autonomous vehicles equipped with human safety operators. The companies aim to expand the fleet to over 100 vehicles during testing, with a longer-term goal of scaling to thousands across multiple U.S. cities.

The initiative builds on a strategic collaboration launched in 2025 and leverages MOIA’s autonomous driving technology alongside Uber’s global ride-hailing platform. The ID. Buzz vehicles are designed specifically for autonomous mobility services.

The project marks a significant step toward commercializing driverless ride-hailing, with Los Angeles serving as the initial launch market before broader expansion.

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WS Investor 04-08-26

Uber Technologies, Inc. announced a partnership with Ace Hardware Corporation to expand on-demand delivery of home improvement products across the United States.

More than 3,700 Ace Hardware stores are now available on the Uber Eats platform, allowing customers to order items such as tools, paint, and gardening supplies for immediate or scheduled delivery.

The collaboration reflects Uber Eats’ strategy to broaden its offering beyond food delivery into everyday retail categories, while enabling Ace to enhance convenience and reach through digital channels.

Both companies said the partnership aims to provide faster, more flexible access to home improvement essentials, particularly for urgent or last-minute needs.
Business Wire

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WS Investor 04-07-26

Dubai, March 31, 2026 — WeRide and Uber Technologies launched fully driverless robotaxi operations in Dubai, marking one of the first commercial Level 4 autonomous taxi services without onboard drivers.

The service, now active in Umm Suqeim and Jumeirah, allows users to book autonomous rides through the Uber app. The rollout is supported by Dubai’s Roads and Transport Authority and aligns with the city’s goal of making 25% of all journeys autonomous by 2030.

Following earlier supervised trials, the companies received regulatory approval to expand operations across additional commercial, suburban, and logistics areas. The initiative is part of a broader plan to deploy at least 1,200 robotaxis across key Middle Eastern cities, including Abu Dhabi and Riyadh.

The launch highlights accelerating adoption of autonomous mobility in the region, with both companies emphasizing scalability, safety, and long-term commercialization of driverless transport solutions.
Globe Newswire

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European Investor 03-31-26

Uber Technologies, Inc. announced it will acquire Blacklane as part of its expansion into premium and executive travel.

Blacklane, which operates in more than 500 cities across 60+ countries, specializes in pre-booked chauffeur services and serves corporate and high-end travel customers.

The acquisition supports Uber’s strategy to grow its premium segment, including services like Uber Reserve and Uber Elite, which have seen strong demand for high-quality, scheduled rides.

Uber expects the combination of its global platform and Blacklane’s luxury service expertise to accelerate growth in the chauffeur market and enhance its offering across different customer segments. The deal is subject to regulatory approvals and is expected to close by the end of 2026.
Business Wire

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WS Investor 03-30-26

Uber Technologies, Pony*ai and Verne have announced a partnership to launch Europe’s first commercial robotaxi service, starting in Zagreb.

The service will combine Pony*ai’s autonomous driving technology, Uber’s ride-hailing platform and Verne’s operational framework, with initial on-road testing already underway and preparations for paid rides in progress.

The partners aim to scale the service to thousands of robotaxis over the coming years, expanding to additional European cities and potentially other global markets.

The collaboration marks a significant step toward commercializing autonomous mobility in Europe, as companies move from pilot programs to fully operational ride-hailing services.
Business Wire

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The Investor 03-27-26

Uber and Rivian announced a strategic partnership to deploy up to 50,000 fully autonomous robotaxis over the coming years.

Under the agreement, Uber will invest up to $1.25 billion in Rivian through 2031, with an initial $300 million commitment. The first phase includes the deployment of 10,000 autonomous Rivian R2 vehicles, with initial commercial launches planned in San Francisco and Miami in 2028, expanding to 25 cities across the U.S., Canada, and Europe by 2031.

The robotaxis will operate exclusively on the Uber platform, leveraging Rivian’s vertically integrated approach to vehicle design, software, and AI-powered autonomy systems. The partnership aims to accelerate the development of Level 4 autonomous driving technology and scale a fully driverless ride-hailing network globally.

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Global Finance News 03-19-26

Uber Technologies Inc. and NVIDIA Corporation Expand Robotaxi Partnership to 28 Cities

Uber Technologies Inc. and NVIDIA Corporation announced plans to deploy fully autonomous, NVIDIA software-driven robotaxis across 28 global cities by 2028, marking a major expansion of their autonomous vehicle collaboration.

The rollout will begin in Los Angeles and San Francisco in 2027, leveraging NVIDIA’s DRIVE Hyperion platform and its new Alpamayo AI model, designed to handle complex real-world driving scenarios using advanced reasoning capabilities. The companies aim to transition from data-collection vehicles to operator-assisted deployments and ultimately to fully driverless Level 4 operations.

The initiative highlights NVIDIA’s evolution into a full-stack autonomous driving software provider and positions Uber to scale a global robotaxi network, targeting commercialization of autonomous ride-hailing across North America, Europe, Asia, and Australia.
Business Wire

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WS Investor 03-17-26

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